How Blockchain Can Enable Smart Cities

Data is the new oil, and companies that effectively capture and capitalize on that data will facilitate innovation and unlock new value.

Historically, however, legacy systems and lack of interoperability have prevented real estate & construction companies from using their data to its full potential.

Enter blockchain.

Blockchain’s potential to streamline and secure data collection & transmission opens the door for a wide range of uses in the real estate & construction industries. If deployed in conjunction with data analytics and automation, blockchain could catalyze the creation of smart cities, whose components—including buildings and public transit—could talk to each other.

BDO Global's latest Insight explores the possibilities of blockchain and envisions what the future urban world might look like.